Emerald Acquisition Ltd. bought a new stake in shares of HubSpot Inc. (NYSE:HUBS) during the second quarter, Holdings Channel reports. The firm bought 18,298 shares of the company’s stock, valued at approximately $795,000. Emerald Acquisition Ltd. owned about 0.05% of HubSpot as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the stock. Swiss National Bank raised its position in HubSpot by 38.4% in the second quarter. Swiss National Bank now owns 37,100 shares of the company’s stock valued at $1,611,000 after buying an additional 10,300 shares during the last quarter. California State Teachers Retirement System raised its position in HubSpot by 51.7% in the second quarter. California State Teachers Retirement System now owns 60,529 shares of the company’s stock valued at $2,628,000 after buying an additional 20,631 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its position in HubSpot by 51.0% in the second quarter. Kornitzer Capital Management Inc. KS now owns 196,105 shares of the company’s stock valued at $8,515,000 after buying an additional 66,200 shares during the last quarter. Strs Ohio raised its position in HubSpot by 8.1% in the second quarter. Strs Ohio now owns 17,400 shares of the company’s stock valued at $755,000 after buying an additional 1,300 shares during the last quarter. Finally, RS Investment Management Co. LLC acquired a new position in HubSpot during the second quarter valued at $1,179,000. Institutional investors and hedge funds own 88.33% of the company’s stock.
HubSpot Inc. (NYSE:HUBS) traded down 2.65% on Thursday, hitting $53.35. 93,029 shares of the stock traded hands. The stock has a 50-day moving average of $56.32 and a 200-day moving average of $50.11. HubSpot Inc. has a 12-month low of $27.00 and a 12-month high of $60.11. The firm’s market cap is $1.89 billion.
HubSpot (NYSE:HUBS) last posted its earnings results on Wednesday, August 3rd. The company reported ($0.07) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.08. The company earned $65 million during the quarter, compared to the consensus estimate of $61.67 million. HubSpot had a negative net margin of 20.03% and a negative return on equity of 36.88%. The company’s revenue for the quarter was up 51.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.17) earnings per share. Analysts forecast that HubSpot Inc. will post ($0.53) earnings per share for the current year.
Several equities analysts recently weighed in on the stock. Rosenblatt Securities restated a “buy” rating and set a $67.00 target price on shares of HubSpot in a report on Friday, October 7th. Zacks Investment Research downgraded shares of HubSpot from a “buy” rating to a “hold” rating in a research note on Wednesday, October 5th. DA Davidson started coverage on shares of HubSpot in a research note on Tuesday, October 4th. They set a “buy” rating and a $76.00 price target on the stock. Goldman Sachs Group Inc. started coverage on shares of HubSpot in a research note on Tuesday, October 4th. They set a “neutral” rating and a $57.00 price target on the stock. Finally, RBC Capital Markets reaffirmed an “outperform” rating and set a $70.00 price target (up previously from $62.00) on shares of HubSpot in a research note on Sunday, October 2nd. Four research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. HubSpot currently has a consensus rating of “Buy” and a consensus target price of $63.41.
In related news, CEO Brian Halligan sold 20,000 shares of the company’s stock in a transaction on Tuesday, October 4th. The shares were sold at an average price of $57.16, for a total transaction of $1,143,200.00. Following the completion of the sale, the chief executive officer now directly owns 784,154 shares of the company’s stock, valued at approximately $44,822,242.64. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel John P. Kelleher sold 7,666 shares of the company’s stock in a transaction on Friday, July 15th. The stock was sold at an average price of $50.64, for a total transaction of $388,206.24. Following the sale, the general counsel now directly owns 69,889 shares of the company’s stock, valued at $3,539,178.96. The disclosure for this sale can be found here. 18.50% of the stock is currently owned by company insiders.
HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications, which include social media, search engine optimization (SEO), blogging, Website content management, marketing automation, e-mail, customer relationship management (CRM), analytics and reporting.
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